Missouri SBDC receives technology grant

  • Published: Wednesday, Sept. 18, 2019

COLUMBIA, MO – The Missouri Small Business Development Center (SBDC) has been awarded funding for the 2019 fiscal year from The Federal and State Technology (FAST) Partnership Program.

The FAST program provides financial and technical support to next generation research and development (R&D) focused small businesses. The program’s goal is to increase outreach focusing on minorities and underprivileged individuals, assist in payments of Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) proposals, and encourage new business development, mentoring networks, and commercialization of SBIR/STTR technology.

Only one application may be submitted per state, and grants are awarded based on merit determined jointly by the Department of Defense and the National Science Foundation. FAST endowed $3 million in total funding for the upcoming year. $100,000 was granted to the Missouri SBDC program. 

The Missouri SBDC has held the technology commercialization accreditation since 2005. The program encourages and enhances technology R&D, technology transfer, and technology deployment. Technology specialists also help to assess the commercial viability of intellectual property. This is the first time the FAST grant has been awarded to a Missouri program since 2010. 

Funding is being provided for the 2019 fiscal year, beginning September 30, 2019. For more information, view the official SBA FAST Grant release.

About the Missouri SBDC
The Missouri SBDC helps business owners make confident decisions to start, grow, and sell their businesses. Services are provided to all Missouri counties and the city of St. Louis in the form of training events and one-to-one counseling by appointment. The Missouri SBDC is a program funded in part through a cooperative agreement with the U.S. Small Business Administration and is a partner of the University of Missouri Extension Business Development Program. 

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Sherry Noller